[Market Focus] KN SOL Drops 10% on News of Operating Loss

KN SOL recorded an operating loss, causing its stock price to drop by 10%.

As of 9:14 a.m. on March 13, KN SOL was trading at 12,250 won, down 10.18% (1,320 won) compared to the previous trading day.

The previous day, KN SOL announced in a regulatory filing that its consolidated operating loss for the previous year was 62 billion won. Although it posted an operating profit of 26.2 billion won in 2024, it soon shifted back to a loss.

Sales also declined. Last year, sales totaled 463.5 billion won, a 20.0% decrease from 579.2 billion won in the previous year.

A representative from KN SOL explained, "Profitability decreased due to the recognition of construction losses caused by higher cost-to-sales ratios in major projects, as well as the recognition of one-off costs such as bad debt expenses."

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